Brooklyn Beans Inc

Analysis

Brooklyn Beans Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brooklyn Beans Inc reported income of $417k and spending of $369k, spending 88% of its income. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Beans Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Petersburg Library Foundation Inc ($417k), Face It Foundation ($417k) and Reach Newtown Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $78k against liabilities of $30k, net assets of $48k. It reported 7 employees.